Search found 8498 matches

by grok87
Tue Oct 30, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 82
Views: 9401

Re: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

I’m late to this thread. Any concerns about total international and all world ex us as tax loss harvesting partners? I thought vanguard was saying that was a wash sale?

See this thread
viewtopic.php?f=2&t=262085
by grok87
Sun Oct 28, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

Sure, and it shows negative momentum when you include that factor. But that's FF 4 factor and now we have lost sight of profitability which you seemed to be comparing two different funds on. My point was it's so murky that I'm not sure we can really compare funds so accurately, and certainly should...
by grok87
Sun Oct 28, 2018 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Who should I believe?
Replies: 48
Views: 7614

Re: Who should I believe?

Do you know the country percentages of the World fund you are considering? Vanguard FTSE All-World ETF (GBP) VWRL is probably the best choice for me. It has 54% US stocks, which I like, and a nice mix of all the other areas such as emerging markets, Asia, etc. I had considered an S&P 500 fund, but ...
by grok87
Sun Oct 28, 2018 4:42 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

The loadings show RZV should have out performed IJS don't they? No, it shows RZV has more exposure to certain risk factors. There is never a guarantee that a risk factor will deliver its risk premium, or that factors outside the regression are not explanatory over the period. If not included in the...
by grok87
Sat Oct 27, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 140
Views: 14160

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

just bumping this cause of all the market volatility... I find the notion of having to bite my nails during retirement because of a volatile stock market to be appalling. My current thinking on retirement is two buckets: a) Money I need. b) Money I want. Category (a) should be funded in as iron-cla...
by grok87
Sat Oct 27, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

Yeah, I think you are correct. RZV loads negatively on the investment factor but that is not part of the SP600 screen. It actually has a higher loading on profitability than IJS: https://www.portfoliovisualizer.com/factor-analysis?s=y®ressionType=1&symbols=RZV+IJS&startDate=5%2F1%2F2006&endDate=...
by grok87
Sat Oct 27, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 169
Views: 18795

Re: 2018 Hedge Fund contest

ah, i see
by grok87
Sat Oct 27, 2018 5:40 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 140
Views: 14160

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

just bumping this cause of all the market volatility...
by grok87
Sat Oct 27, 2018 5:39 am
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 169
Views: 18795

Re: 2018 Hedge Fund contest

looks like the results are broken right now?
by grok87
Sat Oct 27, 2018 5:10 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

It is interesting is that funds that track the S&P 600 Small-Cap Value Index are more aligned with the new focus on quality than DFA funds have been in the past. The liquidity and profitability screens of the S&P600 index family are a form of quality screen (but does not include the investment fact...
by grok87
Fri Oct 26, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

It is interesting is that funds that track the S&P 600 Small-Cap Value Index are more aligned with the new focus on quality than DFA funds have been in the past. The liquidity and profitability screens of the S&P600 index family are a form of quality screen (but does not include the investment fact...
by grok87
Fri Oct 26, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

It is interesting is that funds that track the S&P 600 Small-Cap Value Index are more aligned with the new focus on quality than DFA funds have been in the past. The liquidity and profitability screens of the S&P600 index family are a form of quality screen (but does not include the investment fact...
by grok87
Fri Oct 26, 2018 7:10 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

Although the original question is about DFA Small Cap Value, many responses have discussed various indices. As I recall, the new Fidelity zero funds will invest in indices developed by Fidelity. DFA seems to develop their own indices for various market segments. Fidelity seems to be following the s...
by grok87
Fri Oct 26, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

Although the original question is about DFA Small Cap Value, many responses have discussed various indices. As I recall, the new Fidelity zero funds will invest in indices developed by Fidelity. DFA seems to develop their own indices for various market segments. Fidelity seems to be following the s...
by grok87
Thu Oct 25, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Help with Tax loss harvesting
Replies: 54
Views: 3506

Re: Help with Tax loss harvesting

Nate79 wrote:
Thu Oct 25, 2018 11:18 am
If any accounts besides taxable and IRAs would be included in wash sales by the IRS it would be a SIGNIFICANT legal event, likely to be challenged. People can continue to make up rules as they wish but this is not something in my book that is a gray area.
Interesting
by grok87
Thu Oct 25, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

Is “pretension” a typo or deliberate? typo. The 5 factor model is the way to go. Self serving in my opinion. Ignore the dividend factor. It is the value & profitability factors that matter. Momentum is real but can't be exploited. (I had a issue with their arguments) Low Beta is not a factor. Thank...
by grok87
Wed Oct 24, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

I don’t know why this is even a contentious issue. DFA has excellent products if you want the types of products they offer. Semantically, you can define passive management however it suits your fancy. DFA funds do not achieve the same level of transparency as an index fund that tracks an externally...
by grok87
Wed Oct 24, 2018 6:47 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

. Thanks grok87. Yes - looks like the 'momentum' screens cost DFSVX in 2016 relative to the Dimensional US Small Value Index. Interestingly DFA added the momentum screens in 2003, as I recall, and the relatively large negative momentum in 2003, 2009, and 2016 put a drag on DFSVX returns in those ye...
by grok87
Wed Oct 24, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Benefit of bonds
Replies: 12
Views: 1889

Re: Benefit of bonds

I am 41 and just started investing the last couple of years. This is the reason you should have bonds. Mathematically, 100% stock might be best, but you don't know how you will react to a bear market, because you haven't lost a lot of money in one. This is why I don't recommend more than 80% stock ...
by grok87
Tue Oct 23, 2018 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Benefit of bonds
Replies: 12
Views: 1889

Re: Benefit of bonds

...bonds will tend to go up when stocks go down and vice versa... 1) Unfortunately, this hasn't really been true. This is the data from the Ibbotson 2015 SBBI Classic Yearbook, covering 1926-2015, for intermediate-term government bonds and large-company stocks; inflation-adjusted. If bonds had tend...
by grok87
Tue Oct 23, 2018 6:54 pm
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

On “Dimensional Indexes” - the DFA Matrix Book 2018 includes many of them https://www.fplcapital.com/wp-content/uploads/2018/06/Matrix-Book-2018.pdf For example it has something called the “Dimensional US Small Cap Value Index”. One would think that this is what is broadly tracked by the DFA US Sma...
by grok87
Sun Oct 21, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 101
Views: 4923

Re: Vanguard website problems [Transactions won't go through, 500 error...]

trying to pull up info on a vanguard fund on vanguards website and having problems. it keeps telling me to browse a list of funds and then when i do that and click on the fund it loops me back and tells me to browse a list of funds. anyone else? No. No. I just looked up funds on both the app and we...
by grok87
Sun Oct 21, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 101
Views: 4923

Re: Vanguard website problems [Transactions won't go through, 500 error...]

Doc wrote:
Sat Oct 20, 2018 5:51 pm
grok87 wrote:
Sat Oct 20, 2018 3:21 pm
trying to pull up info on a vanguard fund on vanguards website and having problems. it keeps telling me to browse a list of funds and then when i do that and click on the fund it loops me back and tells me to browse a list of funds.

anyone else?
No.
thanks
by grok87
Sun Oct 21, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 101
Views: 4923

Re: Vanguard website problems [Transactions won't go through, 500 error...]

trying to pull up info on a vanguard fund on vanguards website and having problems. it keeps telling me to browse a list of funds and then when i do that and click on the fund it loops me back and tells me to browse a list of funds. anyone else? Yes and was unable to look up info on the fund. thank...
by grok87
Sun Oct 21, 2018 5:44 am
Forum: Investing - Theory, News & General
Topic: Malkiel no longer endorses blind-folded monkeys, likes smart beta
Replies: 31
Views: 3506

Re: Malkiel no longer endorses blind-folded monkeys, likes smart beta

OK, now I have what Burton Malkiel wrote in the 2015 edition of "A Random Walk Down Wall Street." I said "he trashed it" and that's correct. He spends a full chapter on it, chapter 11, pp. 260-288, "Is Smart Beta Really Smart?" He knocks down everything, listing "the positives" and "the negatives" ...
by grok87
Sat Oct 20, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

I do not consider DFA funds as active managed in the traditional sense. You want to know what active management look like in Small Value funds, look at a fund like Third Avenue Small Cap Value (TASCX), this is what variance looks like. DFA funds are quant funds, you may call them passive or rule ba...
by grok87
Sat Oct 20, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 101
Views: 4923

Re: Vanguard website problems [Transactions won't go through, 500 error...]

trying to pull up info on a vanguard fund on vanguards website and having problems. it keeps telling me to browse a list of funds and then when i do that and click on the fund it loops me back and tells me to browse a list of funds.

anyone else?
by grok87
Sat Oct 20, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

I do not consider DFA funds as active managed in the traditional sense. You want to know what active management look like in Small Value funds, look at a fund like Third Avenue Small Cap Value (TASCX), this is what variance looks like. DFA funds are quant funds, you may call them passive or rule ba...
by grok87
Sat Oct 20, 2018 6:30 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

(Shrug) DFA funds are mildly active, in a gentle sort of way. That is why none of them call themselves "index funds." I don't see why there should be any mystery about this except that people want to obfuscate the issue. Their "patient trading" technique is also mildly active, they do some market t...
by grok87
Sat Oct 20, 2018 5:59 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6277

Re: DFA small value... acitve management?

from the prospectus on DFAs small value fund DFSVX : "The Advisor may adjust the representation in the U.S. Small Cap Value Portfolio of an eligible company, or exclude a company, after considering such factors as free float, momentum, trading strategies, liquidity, value, profitability, and other ...
by grok87
Fri Oct 19, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

columbia wrote:
Fri Oct 19, 2018 7:04 pm
Can one participate in an auction of (new) TIPS through Vanguard?
yes if you have a vanguard brokerage accounts.
by grok87
Fri Oct 19, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

To be fair, it’s not as if bond yields have no natural level. But the natural level is I think roughly related to gdp growth. Ie I think long term real rates might be some function of long term real gdp growth. And I don’t think that level is lower than it used to be. I respectfully disagree. Aging...
by grok87
Fri Oct 19, 2018 6:11 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

To be fair, it’s not as if bond yields have no natural level. But the natural level is I think roughly related to gdp growth. Ie I think long term real rates might be some function of long term real gdp growth. And I don’t think that level is lower than it used to be. I respectfully disagree. Aging...
by grok87
Fri Oct 19, 2018 6:10 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Auction yield was 1.235% which I think is about 2.5 bps higher than where the secondary was trading just before auction. I.e. the auction”tailed” massively I.e. the market hates long term tips right now. I deployed all the spare cash I could. Wish I had bought more. grok, always interested to read ...
by grok87
Fri Oct 19, 2018 6:08 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Auction yield was 1.235% which I think is about 2.5 bps higher than where the secondary was trading just before auction. I.e. the auction”tailed” massively I.e. the market hates long term tips right now. I deployed all the spare cash I could. Wish I had bought more. grok, always interested to read ...
by grok87
Thu Oct 18, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Malkiel no longer endorses blind-folded monkeys, likes smart beta
Replies: 31
Views: 3506

Re: Malkiel no longer endorses blind-folded monkeys, likes smart beta

And Jeremy Siegel is selling WisdomTree ETFs (cap weighted or market weighted or whatever the "not usual weighted" is). I guess these guys spend their lives in academia making comfortable incomes but see the guys they study making the megabux and become tempted. Agree. I read the article. They keep...
by grok87
Thu Oct 18, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Auction yield was 1.235% which I think is about 2.5 bps higher than where the secondary was trading just before auction. I.e. the auction”tailed” massively I.e. the market hates long term tips right now. I deployed all the spare cash I could. Wish I had bought more. grok, always interested to read ...
by grok87
Thu Oct 18, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Auction yield was 1.235% which I think is about 2.5 bps higher than where the secondary was trading just before auction. I.e. the auction”tailed” massively I.e. the market hates long term tips right now.

I deployed all the spare cash I could. Wish I had bought more.
by grok87
Thu Oct 18, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: PenFed 3% 5 year certificates are back.
Replies: 19
Views: 3037

Re: PenFed 3% 5 year certificates are back.

Looks like PenFed has upped their game, now offering 3.3% on both 5- and 7-year CDs. Seems like some of the best rates out there. They are probably trying to retain all those folks that took advantage of those great 3% 5-year CDs of late 2013. I’m not sure that 3.3% is enough to keep me there, sinc...
by grok87
Tue Oct 16, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine
Replies: 8
Views: 1120

Re: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine

Have you ever had to file amended tax returns because of mis-reporting by the reits before? I haven't, but for many, yes, that used to be quite common many years ago. My brokerage (Fidelity) would send out the 1099-DIV summary in late February, and then send out one, two or even three amended 1099-...
by grok87
Tue Oct 16, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

tomorrow (wednesday) is the last day to place auction orders (there may be a short window thursday morning. the 30 year tips bonds are trading on the secondary at 95.30. if the auction price is the same (could be higher or lower) you will need roughly $976.58 for each bond, since the index factor is...
by grok87
Tue Oct 16, 2018 6:10 am
Forum: Investing - Theory, News & General
Topic: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine
Replies: 8
Views: 1120

Re: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine

Since the late 90's I created my own REIT mutual fund, currently holding 21 Equity REITs, including preferred stock, in a taxable account. This provides a large part of our required household income. Needless to say, Sec. 199A will be a windfall to those who do what I do. But the challenge here is ...
by grok87
Mon Oct 15, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1768

Re: Does anyone invest in commodities through an index?

Ok, I get it. I have (I think) a prudent portfolio for a retiree, 30% in globally diversified equities with a tilt toward emerging markets (my crystal ball hunch), the other 70% in a 10 year TIPs ladder to cover expenses (in addition to my SS) and the rest in a short term bond fund. So my next ques...
by grok87
Mon Oct 15, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

To be fair, it’s not as if bond yields have no natural level. But the natural level is I think roughly related to gdp growth. Ie I think long term real rates might be some function of long term real gdp growth. And I don’t think that level is lower than it used to be. I respectfully disagree. Aging...
by grok87
Mon Oct 15, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1768

Re: Does anyone invest in commodities through an index?

Ok, I get it. I have (I think) a prudent portfolio for a retiree, 30% in globally diversified equities with a tilt toward emerging markets (my crystal ball hunch), the other 70% in a 10 year TIPs ladder to cover expenses (in addition to my SS) and the rest in a short term bond fund. So my next ques...
by grok87
Mon Oct 15, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

1.5% I start buying, 2%, I'm all in. I don't expect to see the latter for a long time, if ever. yep i also think the days of 2% yield are gone. but never say never i suppose. It's possible. The yields on Japanese 10 year bonds fell below 2% in 1998 and haven't breached that level since. They've bee...
by grok87
Sun Oct 14, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1768

Re: Does anyone invest in commodities through an index?

bebgsurg wrote:
Sun Oct 14, 2018 5:19 pm
People are using the abbreviation CCF. What does it stand for?
Hi bebgsurg and welcome to the forum,
CCF = Collateralized Commodity Futures fund.

this post upthread discusses them
viewtopic.php?f=10&t=261374&p=4166214#p4165226

cheers,
grok
by grok87
Sun Oct 14, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1768

Re: Does anyone invest in commodities through an index?

bebgsurg wrote:
Sun Oct 14, 2018 5:19 pm
People are using the abbreviation CCF. What does it stand for?
Hi bebgsurg and welcome to the forum,
CCF = Collateralized Commodity Futures fund.
cheers,
grok
by grok87
Sun Oct 14, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

gmaynardkrebs wrote:
Sun Oct 14, 2018 4:47 pm
1.5% I start buying, 2%, I'm all in. I don't expect to see the latter for a long time, if ever.
yep i also think the days of 2% yield are gone. but never say never i suppose.
by grok87
Sun Oct 14, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 4020

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Nope, bond yields still not that attractive to me. If i'm reading this right: Daily Treasury Real Yield Curve Rates even 5 year TIPS appear to be yielding over 1% , so unless I was planning on building a very long-term ladder, and had especially dismal outlook on the future, locking in for 30 years...